SMILE DOCTORS | 515 Parkview St
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SMILE DOCTORS 515 Parkview St
3,748 SF Office Building Wauseon, OH 43567 $979,200 ($261/SF) 9.50% Cap Rate
Investment Highlights
- Tenant Investment in Location: Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients
- Recent Lease Execution: Smile Doctors acquired the practice in 2023 showing their long-term commitment to the location.
- Streamlined Expansion: Smile Doctors expands by acquiring existing practices that are already established within the community
- Growing Business Model: In 2017, 7.4% of dental practices were affiliated with a dental support organization. By 2020 this number grew to 10.4%
- Ideal Investment: This deal has a low barrier to entry for investors because of its attractive price point and high return.
- Best-in-Class Tenant: Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies
Executive Summary
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,748 SF
Building Class
B
Year Built
1969
Price
$979,200
Price Per SF
$261
Cap Rate
9.50%
NOI
$93,024
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,748 SF
Building FAR
0.18
Land Acres
0.49 AC
Zoning
B1
Amenities
- Signage
- Air Conditioning
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PROPERTY TAXES
Parcel Number | 06-011100-00.000 | Improvements Assessment | $84,320 |
Land Assessment | $6,970 | Total Assessment | $91,290 |
PROPERTY TAXES
Parcel Number
06-011100-00.000
Land Assessment
$6,970
Improvements Assessment
$84,320
Total Assessment
$91,290
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SMILE DOCTORS | 515 Parkview St
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